Advisor Group Inc. Acquires 12,851 Shares of Duke Energy Corp (DUK)
Advisor Group Inc. grew its holdings in shares of Duke Energy Corp (NYSE:DUK) by 16.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,789 shares of the utilities provider’s stock after acquiring an additional 12,851 shares during the period. Advisor Group Inc.’s holdings in Duke Energy were worth $7,622,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the company. Strategy Asset Managers LLC grew its position in shares of Duke Energy by 12.8% during the 3rd quarter. Strategy Asset Managers LLC now owns 26,687 shares of the utilities provider’s stock valued at $2,240,000 after acquiring an additional 3,021 shares during the period. Toronto Dominion Bank boosted its holdings in Duke Energy by 10.7% in the 3rd quarter. Toronto Dominion Bank now owns 292,932 shares of the utilities provider’s stock worth $24,582,000 after buying an additional 28,302 shares during the period. QCI Asset Management Inc. NY boosted its holdings in Duke Energy by 6.2% in the 3rd quarter. QCI Asset Management Inc. NY now owns 121,238 shares of the utilities provider’s stock worth $10,174,000 after buying an additional 7,123 shares during the period. New York State Common Retirement Fund boosted its holdings in Duke Energy by 1.0% in the 3rd quarter. New York State Common Retirement Fund now owns 1,757,500 shares of the utilities provider’s stock worth $147,489,000 after buying an additional 17,000 shares during the period. Finally, AllSquare Wealth Management LLC bought a new position in Duke Energy in the 3rd quarter worth $155,000. 57.34% of the stock is owned by hedge funds and other institutional investors.
Shares of Duke Energy Corp (NYSE:DUK) opened at $87.35 on Wednesday. The company has a market cap of $61,856.84, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 4.83 and a beta of 0.26. Duke Energy Corp has a one year low of $74.95 and a one year high of $91.80. The company has a quick ratio of 0.41, a current ratio of 0.71 and a debt-to-equity ratio of 1.17.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 18th. Stockholders of record on Friday, November 17th will be given a dividend of $0.89 per share. This represents a $3.56 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend is Thursday, November 16th. Duke Energy’s dividend payout ratio is 117.49%.
Several research analysts recently weighed in on DUK shares. Zacks Investment Research downgraded shares of Duke Energy from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. SunTrust Banks reaffirmed a “hold” rating and issued a $87.00 target price on shares of Duke Energy in a report on Wednesday, October 4th. J P Morgan Chase & Co upped their target price on shares of Duke Energy from $83.00 to $89.00 and gave the stock a “neutral” rating in a report on Thursday, October 12th. Morgan Stanley upped their target price on shares of Duke Energy from $89.00 to $92.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, BidaskClub raised shares of Duke Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $86.90.
In other news, EVP Lloyd M. Yates sold 5,000 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were sold at an average price of $89.95, for a total transaction of $449,750.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.07% of the stock is currently owned by corporate insiders.
About Duke Energy
Duke Energy Corporation (Duke Energy) is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial Renewables. The Company operates in the United States through its direct and indirect subsidiaries. The Electric Utilities and Infrastructure segment provides retail electric service through the generation, transmission, distribution and sale of electricity to approximately 7.5 million customers within the Southeast and Midwest regions of the United States.
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